Pavel - Botten Conversation on IOC

[Libtardius Maximus]

None of the analysts covering IOC are going to say anything at this point with Pavel being the only exception.

With IOC, OSH and XOM (?) involved, all are tied up via banking and or advisor relationships.

[ArtM72]

None of the analysts covering IOC are going to say anything at this point with Pavel being the only exception. With IOC, OSH and XOM (?) involved, all are tied up via banking and or advisor relationships.

Pavel did nothing but lob softball questions the last time he talked to Hession.  Can we expect anything different Wednesday?

[Libtardius Maximus]

None of the analysts covering IOC are going to say anything at this point with Pavel being the only exception. With IOC, OSH and XOM (?) involved, all are tied up via banking and or advisor relationships.

Pavel did nothing but lob softball questions the last time he talked to Hession.  Can we expect anything different Wednesday?

Nope

[Putncalls]

RJ has bearish LNG view: Energy Stat: European Gas Demand Languishes Near 20-Year Lows - And That's Before Brexit. It is no secret that U.S. natural gas demand has chronically disappointed expectations in recent years, especially in the industrial sector (steel industry travails) and LNG exports (slower-than-expected scale-up). Well, look on the bright side: at least it's better than in Europe. In our Stat of the Week from July 2015, we highlighted some shockingly negative statistics about the European gas market: in particular, 2014 being the lowest point for EU gas consumption since 1995. With a year having passed, today we revisit this theme. The verdict? To quote Franz Kafka: "There is an infinite amount of hope in the universe ... but not for us." Although 2015 showed a bit of recovery in demand, the overall picture is still glaringly bearish. To be clear, this is not because of the Brexit referendum's outcome, but rather underlying long-term trends that go well beyond day-to-day politics. The epic weakness in European gas demand carries read-through not just for energy companies in the region, but also the entire global LNG value chain. For more details, please refer to today’s Stat of the Week.

Not according to the IEA at https://www.eia.gov/cfapps/ipdbproject/iedindex3.cfm?tid=3&pid=26&aid=2&cid=regions&syid=1995&eyid=2014&unit=BCF.  Yes, the past couple of years has seen a dramatic reduction in use by Italy and Spain, but the long term trend is still positive. Glaringly bearish?  Tell that to the coal industry.  They could use some good news.

On the other hand dry natural gas consumption in Asia and Oceania climbed from 7,991 to 23,627 BCF from 1995 to 2013 while world consumption grew from 79,029 to 121,357 in that same time frame.

Coal use in the EU is NOT declining. The only place it's declining is in the US. Watch out for the rose/wishfull glasses.

[ArtM72]

Coal use in the EU is NOT declining. The only place it's declining is in the US. Watch out for the rose/wishfull glasses.

My coal comment was something of a poor joke but here's an article about Germany's lignite power plants shutting down.  Same difference.

http://www.dw.com/en/the-end-of-lignite-...a-18806081